Binance Launches Copy Trading for Futures in Selected Markets

Binance, the world's largest cryptocurrency exchange by trading volume, announced on Monday (October 9, 2023) the introduction of a copy trading service for futures products in selected markets. The exact markets were not disclosed.

This new feature allows clients to replicate the strategies and portfolios of experienced traders. Specifically, lead traders can earn a 10% profit share when their trades are copied. While copy traders have the flexibility to follow up to 10 lead traders simultaneously, setting their own risk preferences, including take profit/stop loss, leverage levels, and margin configurations.

"We believe copy trading lowers the barriers to entry into crypto and can help improve social engagement within the community," Binance said in an announcement.

Shortly before, Fazzaco reported that Binance has launched a new domain for customers in the U.K.​, citing it is "a strategic step to align itself with the U.K.'s stringent financial promotions rules".